New York State Common Retirement Fund Reduces Stock Holdings in Tyson Foods, Inc. (NYSE:TSN)

New York State Common Retirement Fund lessened its stake in shares of Tyson Foods, Inc. (NYSE:TSN) by 41.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 176,436 shares of the company’s stock after selling 127,470 shares during the period. New York State Common Retirement Fund’s holdings in Tyson Foods were worth $10,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James & Associates lifted its holdings in shares of Tyson Foods by 18.2% in the 3rd quarter. Raymond James & Associates now owns 210,673 shares of the company’s stock worth $12,548,000 after acquiring an additional 32,507 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Tyson Foods in the third quarter worth about $403,000. Signaturefd LLC boosted its position in shares of Tyson Foods by 6.9% during the third quarter. Signaturefd LLC now owns 2,727 shares of the company’s stock valued at $162,000 after buying an additional 175 shares during the period. International Assets Investment Management LLC grew its stake in shares of Tyson Foods by 4,586.1% during the third quarter. International Assets Investment Management LLC now owns 65,933 shares of the company’s stock valued at $3,927,000 after buying an additional 64,526 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Tyson Foods by 28.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,362 shares of the company’s stock worth $1,156,000 after buying an additional 4,280 shares during the period. 67.00% of the stock is currently owned by institutional investors.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $60.78 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.74 and a beta of 0.80. The firm has a 50 day moving average of $57.24 and a 200 day moving average of $60.02. Tyson Foods, Inc. has a 52 week low of $52.11 and a 52 week high of $66.88.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.79 by $0.35. Tyson Foods had a return on equity of 6.87% and a net margin of 1.96%. The firm had revenue of $13.62 billion during the quarter, compared to analyst estimates of $13.46 billion. During the same period in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts predict that Tyson Foods, Inc. will post 3.8 earnings per share for the current fiscal year.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.50 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. Tyson Foods’s payout ratio is 67.57%.

Analyst Ratings Changes

Several equities analysts have commented on TSN shares. BMO Capital Markets upped their price objective on Tyson Foods from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Stephens lifted their price objective on shares of Tyson Foods from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. Piper Sandler raised shares of Tyson Foods from an “underweight” rating to a “neutral” rating and set a $58.00 price target for the company in a research note on Tuesday, February 4th. Finally, HSBC raised Tyson Foods from a “reduce” rating to a “hold” rating in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.10.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.